TSMC Reports 35% Q4 Earnings Growth, Boosting Semiconductor Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Source: Fool
- Semiconductor Rally: TSMC's announcement of a 35% increase in Q4 net earnings, surpassing analyst expectations, led to a 4.44% rise in its stock price to $341.64, while boosting peers like AMD and Micron Technology, indicating a renewed market confidence in the semiconductor sector.
- Market Recovery: The Nasdaq Composite rose 0.25% and the Dow Jones Industrial Average climbed 0.60%, reflecting a growing optimism among investors towards tech stocks, particularly as geopolitical tensions ease, which has contributed to a more favorable investment climate.
- Strong Asset Management Performance: BlackRock's stock surged 5.93% following an earnings beat and a 10% dividend increase, with the firm reaching a record $14 trillion in assets under management, showcasing its robust competitive position in the market.
- Investment Banking Resurgence: Both Morgan Stanley and Goldman Sachs reported solid growth, with the Financial Times declaring last year the best for investment banking since 2021, highlighting a recovery in investor confidence within the financial services sector.
Analyst Views on AMD
Wall Street analysts forecast AMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMD is 281.78 USD with a low forecast of 200.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
37 Analyst Rating
27 Buy
10 Hold
0 Sell
Moderate Buy
Current: 223.600
Low
200.00
Averages
281.78
High
350.00
Current: 223.600
Low
200.00
Averages
281.78
High
350.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing, graphics and visualization technologies. Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes artificial intelligence (AI) accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), smart network interface Cards (SmartNICs) and Adaptive system-on-Chip (SoC) products for data centers. Client and Gaming segment includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services. Embedded segment includes embedded CPUs, GPUs, APUs, FPGAs, system on modules (SOMs), and Adaptive SoC products. It markets and sells its products under the AMD trademark. Its products include AMD EPYC, AMD Ryzen, AMD Ryzen PRO, Virtex UltraScale+, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
